Assuming That Clothing Is a Normal Good, an Increase in Consumer

question 60

Multiple Choice

Assuming that clothing is a normal good, an increase in consumer income, other things being equal, would:

• A) increase the demand for clothing.
• B) decrease the demand for clothing.
• C) increase the quantity of clothing demanded.
• D) decrease the quantity of clothing demanded

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Definitions:

Class Equality

Class equality refers to a societal state in which all social classes have equal rights, opportunities, and access to resources, minimizing or eliminating disparities in wealth and power.

Protestant Ethic

A concept in sociology introduced by Max Weber, suggesting that Protestantism, especially Calvinism, facilitated the rise of capitalism by promoting qualities like hard work, frugality, and efficiency.

Worship God

The act of showing reverence and adoration for a deity, especially as part of a religious ritual.

Charitable

Relating to or characterized by the giving of money, goods, or help to those in need.